by BouncyUnicornDesign Engineer
Buying home by home loan or savings from MF
Hi folks, Which one is better...? Buying home at 25, by home loan and paying EMI rest of life. Savings from FD, MF and stock market and buy home at 50
SparklyKoala
How to buy home 🏠 and steps to do in emi
Hii guys kindly share your valuable advice I'm 23 now I need aware and accordingly I need to save.
6mo ago
SillyPenguin
Salesforce6mo
- Avoid buying flats as much as possible, instead prefer independent house.
- Try to pay as much as down payment.
- Make lump sum payments to clear principal amount, reduces the tenure.
- Try to clear the loan asap, if you are not able to grow your other investments at the same or more rate than EMI interest.
- Don't spend too much on fancy stuff: furniture, paints, etc. buy the things of good quality and which are of use.
- Don't be sad if not able to buy the correct house, even staying on rent is a good idea.
JumpyKoala
First save 20 lakhs atleast for downpayment then think of next steps
JumpyHamster
Stealth6mo
Don't invest in house if you can't do 40-50% downpayment and can't close the loan in 7-8 years.
The 20 years emi is modern slavery.
Invest in mutual funds and create a passive income
Discover more
Curated from across
by MagicalWaffleSoftware Developer
Need suggestions regarding the best strategy to buy a home
Currently we are living in delhi in a small house and it sometimes feels embarrassing when some relatives come, that's why we want to buy a bigger flat ( 3 bhk ) and are 30-35 lacs short ( after selling the current flat). So should I go...
Personal Finance22mo
by BubblyMarshmallowFrontend Engineer
[NEED ADVICE] Should I buy a house at 23?
Context - Buying as an investment, don't plan to live there. I plan to live on rent. Current rent is 17k/month.
I'll keep it short for max input. I'm looking at some flats priced around 60-70L for a 2BHK. Rent in the area will be ~30k. ...
Personal Finance24mo
by SwirlyBiscuitAutodesk
Finance knowledge
Hi Guys, I wanted to ask one thing from experienced people here. I want to buy a 2/3Bhk flat worth 70-80 Lac after 5 years and right now I have only 5 Lac savings. How should I plan properly to achieve this, 1 am afraid of taking loan an...